Google's latest social network experiment Google is going great guns. The Internet company announced that the new social network platform has grown more than 10 million users in just two weeks. The official announcement comes days after a third party estimate regarding the 10 million magic figure. The speedy growth of Google is certainly remarkable but it still lags very far behind Facebook, which boasts of 750 million users.
“We are in the middle of our quarterly earnings call right now. Here are the remarks I just gave. One key stat: Over 10M Google users!” says Google CEO Larry Page on his Google page. Larry also highlights the fact that Google is still in its initial stage and that the response has been overwhelming. He adds, “Google is still only in field trial with limited access as we scale the system Users have to be invited, sign up with a profile in order to use it.” [RELATED_ARTICLE]
“However, the growth on Google has been great--and I’m excited to release some new metrics for you today. Over 10M people have joined Google Great achievement for the team.”
The CEO also pointed out at the success of 1 feature: “This quarter, we released 1 buttons to the entire web, and many sites like Huffington Post, the Washington Post and Best Buy have added 1 buttons.
“Our 1 button is already all over the web. It’s being served 2.3 billion times a day”.
Facebook vs Google : War intensified?
Mark Zuckerberg seemed relaxed when asked about the challenges posed by Google . The Facebook founder stressed the 750 million users will not let the company lag behind the rivals. Interestingly, the “750 million users” point was coined after Facebook had launched its Skype-powered video chat service – a feature that was considered as response to Google video chat feature.
The rapid growth of Google has apparently intensified the competition between the two Internet companies. Facebook presently tops the social network segment but how long it will be in the driver's seat? The 10 million figure is pretty remarkable and it will be stupid on part of Facebook to ignore it. It's pertinent to mention here Google is still in its initial phase and a closed one. It will be a huge push for Google if it's opened up.
Readers, tell us what you think about this intense rivalry in the comments section below.
Google's revenues grow in 2nd quarter
Meanwhile, Google has announced its financial results for the second quarter that ended on June 30, 2011. Google reported revenues of USD 9.03 billion for the second quarter, an increase of 32pc compared to the second quarter of 2010.
Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the second quarter of 2011, TAC totaled USD 2.11 billion, or 24pc of advertising revenues. Detailed financial results can be downloaded from here.
“We had a great quarter, with revenue up 32pc year on year for a record breaking over USD 9 billion of revenue,” added Larry Page.
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